Under a proposal issued by the Financial Accounting Standards Board, not-for-profits would be able to take advantage of private-company GAAP alternatives for accounting for goodwill and accounting for intangible assets in a business combination. Continue Reading

The Financial Accounting Standards Board will not delay the effective date of its new lease accounting standard, board Chairman Russell Golden said at the AICPA Conference on Current SEC and PCAOB Developments. The standard takes effect in 2019 for public companies. Continue Reading